EC penthouse sold for record S$2.05m
Re: EC penthouse sold for record S$2.05m
Be assured, it is entirely possible to lose money on ECs.Rational_Parent wrote: I wonder how those who bought properties for investment now feels. But that guy who bought the 2.05m EC unit can now smile forever and there's not a lot anyone can do about it. One lucky bloke.
- Rational_Parent
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Re: EC penthouse sold for record S$2.05m
Being one of a kind penthouse in an EC development at a cost of $470 per sq. ft, I would say highly unlikely. At current rate, 470 per sq. ft. plot cost is even lower than many HDB resale flats. But I were him, I'll not sell for there'll never be a better property deal for a penthouse at that size/cost.3Boys wrote:Be assured, it is entirely possible to lose money on ECs.Rational_Parent wrote: I wonder how those who bought properties for investment now feels. But that guy who bought the 2.05m EC unit can now smile forever and there's not a lot anyone can do about it. One lucky bloke.
Re: EC penthouse sold for record S$2.05m
What will be impact of the cooling measures?
Will property price drop bcoz of drop in demand? Or will property prices not affected even thou there are less buyers bcoz there'll still be a large number of pple who can well afford?
The property measures definitely affect those who can barely afford..
But these pple are unlikely the ones who will cost the price to go up right..? hence my question on removing these group of pple will have impact on the price or not..
Will property price drop bcoz of drop in demand? Or will property prices not affected even thou there are less buyers bcoz there'll still be a large number of pple who can well afford?
The property measures definitely affect those who can barely afford..
But these pple are unlikely the ones who will cost the price to go up right..? hence my question on removing these group of pple will have impact on the price or not..
Re: EC penthouse sold for record S$2.05m
Is this not with loads of open terrace and roof space, like what minister Khaw was referring to?Rational_Parent wrote:Being one of a kind penthouse in an EC development at a cost of $470 per sq. ft, I would say highly unlikely. At current rate, 470 per sq. ft. plot cost is even lower than many HDB resale flats. But I were him, I'll not sell for there'll never be a better property deal for a penthouse at that size/cost.3Boys wrote:Be assured, it is entirely possible to lose money on ECs.Rational_Parent wrote: I wonder how those who bought properties for investment now feels. But that guy who bought the 2.05m EC unit can now smile forever and there's not a lot anyone can do about it. One lucky bloke.
Re: EC penthouse sold for record S$2.05m
If you a first time buyer, these measures do not hit you too hard. It hits those who are trying to procure additional properties for investments.limlim wrote:What will be impact of the cooling measures?
Will property price drop bcoz of drop in demand? Or will property prices not affected even thou there are less buyers bcoz there'll still be a large number of pple who can well afford?
The property measures definitely affect those who can barely afford..
But these pple are unlikely the ones who will cost the price to go up right..? hence my question on removing these group of pple will have impact on the price or not..
People 'think' they can afford because interest rate are low. It is exactly this sandwich class that need to be discouraged from overextending in property in the vain hope of a quick buck.
These measures will cool prices (or at least dampen intake increase ).
Looking for a cloud in a silver lining are you? I suppose in limlim's world every gment policy is meant to disadvantage the masses........
So in your view have they gone too far, or not done enough? What else you would do to make life even more difficult for the well heeled?
Re: EC penthouse sold for record S$2.05m
I'm just try to learn something from KSP..
very limited in awareness on properties and policy impact. At this moment, I'm more interested to ask question.. not making judgements or comments..
very limited in awareness on properties and policy impact. At this moment, I'm more interested to ask question.. not making judgements or comments..
- Rational_Parent
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Re: EC penthouse sold for record S$2.05m
It's not call cooling measures for nothing. These measures are meant to cool down the property market, and this means bring down the price.limlim wrote:What will be impact of the cooling measures?
Will property price drop bcoz of drop in demand? Or will property prices not affected even thou there are less buyers bcoz there'll still be a large number of pple who can well afford?
The property measures definitely affect those who can barely afford..
But these pple are unlikely the ones who will cost the price to go up right..? hence my question on removing these group of pple will have impact on the price or not..
This time around, all kinds of properties, be it commercial, private housing or public housing, are affected. That is why the Finance Minister was quick to come out to say that these measures were not meant to cause a property bust, and would act if it does. PRs and people who have invested in second or more properties should be the worst hit this time around. Of course this in turn will also affect both upgraders and downgraders who have to offload their homes in order to do so because the buying side of the equation is affected.
Property prices should hold at least because HDB is the main driver. So long as the current valuation of new HDB flat remains, the dip in prices in the near term of both private and public housing will not be too drastic imho. In the long term though, land scare Singapore properties should remain strong. Only economy crises on a global scale will cause prices to come crashing down, and that I think will happen between 2014 and 2015.
Re: EC penthouse sold for record S$2.05m
Agree with the above except the date! US has shown sign of recovery now and it may take a while to fully boom and then crash. Most likely later than that.Rational_Parent wrote:limlim wrote:What will be impact of the cooling measures?
Only economy crises on a global scale will cause prices to come crashing down, and that I think will happen between 2014 and 2015.